In a conference call this morning, analyst Peter Patrino noted that in the past few months, Fitch has moved to gauging catastrophe risk on an annual aggregate basis as opposed to a single-event occurr
Bank of America's insurance analyst, Brian Meredith, said he continued to rate the company's shares a buy. "With the overhang of the regulatory settlement and loss reserve review behind the company, i
American International Group Inc. must give up control of an Internet domain name, according to a federal judge's ruling in a case involving the C.V. Starr brokerage now headed by former AIG chief Mau
Companies maintaining or increasing catastrophe exposure remain the best positioned to take advantage of the dislocation in the wind-exposed property insurance and reinsurance markets, said one leadin
Companies maintaining or increasing catastrophe exposure remain the best positioned to take advantage of the dislocation in the wind-exposed property insurance and reinsurance markets, said one leadin
AIG President and CEO Martin J. Sullivan said first quarter results were negatively affected by a one-time after-tax charge of $115 million. In addition, the company posted a $57 million after-tax los
The homeowners' suit, filed in U.S. District Court for the Southern District of Mississippi, alleges the insurer denied many claims without investigating whether home damage was caused by water, and t
California Insurance Commissioner John Garamendi has asked state and federal officials to investigate his allegations that an insurance industry representative threatened blackmail to halt his regulat
In December, the board ordered the Manufacturing Industry WC Self-Insurance Trust and Provider Agency Trust to shut down at their scheduled expiration date in March. This represented the first time th
"Although these insurers are facing increasing competition and flat-to-declining rates in the near term, as well as the uncertain effects of tort reform across the nation, we expect they will still h